Branch offers a mobile digital wallet for working Americans. An on-demand hub that helps them meet their everyday financial needs, our app allows any employee to receive money, manage their cash flow, and spend anywhere – all from their smartphone.
Hiring and retaining employees is a struggle for virtually every industry right now—but especially industries made up of tipped professionals. In November of 2021 alone, more than 4.5 million Americans quit their jobs—and 1 million of them were restaurant and hotel employees. As we enter the second half of 2022, the restaurant labor shortage shows no sign of letting up, and the hospitality and hotel industries are also struggling to get applicants in the door.
So what can be done? As their employer, you have the opportunity to be a catalyst for change. Along with ensuring employees have a competitive, livable wage, there are other things you can do to attract and retain more of your workforce. At the end of the day, you need to find ways to keep your business afloat and your people happy—and we’re here to help you do both.
In this guide, we’ll walk you through strategies for attracting and retaining your tipped workforce that won’t cost your company anything. These strategies focus on improving your onboarding tactics, fostering career growth for your employees, and finding ways to change the pace of pay in order to bolster their financial stability.
